Calhoun VA Loan Rates, Closing Costs & Stats

Calhoun, GA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Calhoun's 33 lenders originated 90 VA loans during 2023. The total origination value was $24,600,000, with an average VA loan value of $273,333.

    Calhoun VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Calhoun averaged 6.36% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Calhoun's average VA mortgage closing costs are $5,477.

    The average rate for the prior week (2024-11-01) was 6.62% and one month ago for the week of 2024-10-04, the average rate was 5.94%.

    The average rate one year ago was 7.2%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.34%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Calhoun VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Calhoun level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.70% $4,910
    UNITED WHOLESALE MORTGAGE, LLC 5 6.60% $5,993
    MOVEMENT MORTGAGE, LLC 4 6.19% $6,448
    QUICKEN LOANS, LLC 4 6.24% $10,354
    NVR Mortgage Finance, Inc. 4 4.96% $10,276
    GUARANTEED RATE, INC. 4 6.50% $1,782
    NAVY FEDERAL CREDIT UNION 4 5.69% $1,774
    NEW DAY FINANCIAL, LLC 3 7.33% $9,861
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.54% $8,088
    Synovus Bank 3 6.29% $10,327
    SWBC MORTGAGE CORPORATION 3 6.33% $11,758
    BANKSOUTH MORTGAGE COMPANY, LLC 3 6.50% $6,866
    PENNYMAC LOAN SERVICES, LLC 3 5.58% $4,402
    Wells Fargo Bank 2 5.25% $10,477
    Prosperity Home Mortgage, LLC 2 6.19% $4,713
    Renasant Bank 2 6.25% $10,117
    STOCKTON MORTGAGE CORPORATION 2 6.44% $8,081
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.38% $8,318
    Ameris Bank 2 5.94% $10,159
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $4,043
    PNC Bank 1 5.25% $15,881
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.63% $4,234
    BNC National Bank 1 5.75% $21,341
    CROSSCOUNTRY MORTGAGE, LLC 1 7.00% $20,021
    UNION HOME MORTGAGE CORP. 1 7.13% $0
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.25% $506
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $2,156
    BROKER SOLUTIONS, INC. 1 6.75% $6,293
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $14,714
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $16,501
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $10,354
    EVERETT FINANCIAL, INC. 1 7.13% $9,692
    DAS Acquisition Company, LLC 1 6.75% $9,547

    The top Calhoun VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $4,910, which is $1,084 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Calhoun VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,910), .

    The lowest rate Calhoun VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.70%), .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.